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American Express trialling ‘bonus MR points’ offers …. and a good Harrods cashback deal

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If you have an American Express Preferred Rewards Gold or American Express Platinum card, you may have a new style of personalised offer showing on your online card statement.

On my account, I will receive 2,000 bonus Membership Rewards points when I spend £500 at Apple before 22nd May.

This is the first time that I have seen Amex run a bonus points offer for a retailer as opposed to a straight cash statement credit.

What is worrying is how pathetic this offer is!  The majority of Membership Rewards remptions value your points at 0.5p or less.  This means that you would be getting £10 of value back for a £500 spend, which is rubbish.  Even if you convert your points to Avios and value them at 1p each, you are still only getting £20 of value back.  Most cashback deals are more generous.

Let’s hope this doesn’t herald the start of a new trend.

If you want something more generous, this deal is better:

Harrods

On my British Airways Premium Plus card, I have an offer for £50 cashback on a £300 purchase at Harrods before 5th June.

This is a great deal.  You can buy gift cards at any Harrods till point and that will trigger the £50 credit.  You can then spend the £300 whenever you want.

If you are thinking of spending £500 on an Apple product, you should buy it in Harrods instead!  If you have two participating Amex cards, you could buy 2 x £300 Harrods gift cards and get £100 back which you can then spend in the large Apple concession in the Technology department (next to Toy Kingdom, where I spend worrying amounts of time).

At the time of writing, this deal is not on the cardmemberoffers.co.uk website so you can only sign up if it shows for you online.

(Want to earn more miles and points from credit cards?  Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)

Comments (68)

  • tangey says:

    I had assumed that it is the retailer that takes the hit on these promos. However if it was, you’d think the last thing the retailer would be suggesting is ways to take further advantage of the offer.

    You would have walked out with them getting £56 (£81-£25), but their suggestion resulted in you walking out with a bottle of wine and them still only getting £56.

    I wonder is Amex contributing to these offers ?

    • Nori says:

      It may be that Amex are funding these promotions. When the Shop Small promotion was on the few of the retailers I asked weren’t aware of the promotion.

      • Genghis says:

        I got that as well. All retailers didn’t mind me using multiple Amex cards. Harry was all over this too from memory.

  • george says:

    Slightly off topic but about Amex MR.
    There seems to be some ‘arbitrage’ between UK MR and IC MR programs.
    For instance, it looks like I will get more airline points when converting from IC MR to Singapore, Alitalia, Cathay, and Finnair (taking the FX conversion into account, of course).

    Any sweet spots in redeeming miles in either of those 4 programs for a business class ticket from Lon to NYC?

    Many thanks

  • HayMow says:

    Harrods offer doesn’t show for either of my BA PP cards sadly, and had checked them a few times in last couple of weeks – maybe was a more limited ‘supply’ than usual and all the x,000 available have already been taken up?